It's important for everyone to have a valid Will, which will be legally valid when you die and achieve your objectives within your estate.
There is no age to make a Will and no circumstances where you should not make a Will no matter how simple you believe your circumstances to be. A legally binding Will makes sure your assets are divided up and distributed as you wish and your wishes are met. It is also vital to make sure you have a Will if you have young children to ensure they have guardians appointed for them before they reach the age of 18.
Although a standard Will might meet the needs for some poeple, most would benefit from the more specialist advise and planning provided by Spa Wills. The main reason for this is there are many areas people are not aware of and potential threat that occur from certain situaitons and authorities if the Will is not drafted correctly. Most standard Wills or DIY Wills will not provide the relevant protection your estate requires on death.
We highly recommend you review your Will at least every 5 years or sooner if there is a change in your circumstances. When reviewing your Wills it is important to think about an array of areas including your beneficiaries, children, grandchildren, trustees, guardians, the value of your estate, home ownership, marriage/divorce, new relationships, executors, changes in inheritance tax amongst many others. It is Vital that your Will is kept up to date, reflects your current wishes and that you have taken advantage of any areas within the law of tax and estate planning, and Trusts for protecting inheritance.
For more information about complex family situations and 2nd marriage syndrome please contact us.